524 Lorraine Boulevard

Local assessors in Los Angeles, CA have categorized 524 Lorraine Boulevard as a residential type of property. The home was built in 1923 and is 101 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 16,208 square feet. The linear feet between the front and back of the lot was measured at 1,800 ft and the front of the lot was measured at 900 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 14 rooms in the home. Of these, 6 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 7 full bathrooms. There are also 7 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 524 Lorraine Boulevard has a total of 7,414 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a heated pool on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 524 Lorraine Boulevard was last sold in Feb 11, 2021 for $6,435,000. According to our calculations, that's $867.95 per sqft. Current property owners are expected to pay $63,097 in taxes per year. The property on 524 Lorraine Boulevard was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,446,494. To break that down further, the land itself was valued at $3,745,440. While improvements to the property were assessed at a total of $1,701,054. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.